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Latest news about Shriram Pistons & Rings

Shriram Pistons & Rings Gets Credit Rating Upgrade to IND AA+/Stable by India Ratings 3 hrs ago Today

Shriram Pistons & Rings Limited received a credit rating upgrade to IND AA+/Stable from IND AA by India Ratings & Research Private Limited. The upgrade covers bank loan facilities of INR 5,738.61 million, proposed NCDs worth INR 10,000 million, while the commercial paper rating was affirmed at IND A1+. The company was also taken off Rating Watch with Positive Implications, reflecting improved creditworthiness.

Shriram Pistons & Rings Limited Announces Postal Ballot for Name Change to SPR Auto Technologies Limited 2 days ago

Shriram Pistons Reports 21% Revenue Growth, Completes Grupo Antolin Acquisition 10 days ago

Shriram Pistons & Rings Schedules Board Meeting for February 2, 2026 to Consider Q3FY26 Results and Fund Raising Jan 24, 2026

Shriram Pistons & Rings Reports Zero Physical Share Transfer Requests Under SEBI Re-lodgement Framework Jan 12, 2026

More news about Shriram Pistons & Rings

24Dec 25

Shriram Pistons & Rings Issues ₹10,000 Million Commercial Paper on Private Placement Basis

Shriram Pistons & Rings Limited has successfully issued and allotted commercial papers worth ₹10,000 million through private placement. The commercial papers have a face value of ₹5,00,000 per security, an issue price of ₹4,94,589.50, and carry a coupon rate of 6.37% for a tenure of 62 days. The company plans to list these papers on the National Stock Exchange of India Limited and has appointed an issuing and paying agent for smooth transaction processing.

19Dec 25

Shriram Pistons Completes First Tranche of ₹28 Crore Asset Purchase Agreement

Shriram Pistons & Rings has successfully completed the first tranche of its ₹28 crore Asset Purchase Agreement with Sunbeam Lightweighting Solutions, paying ₹10 crores for piston manufacturing assets. The transaction, structured in two tranches, aims to enhance the company's production capacity and strengthen its position in the automotive ancillary sector.

17Dec 25

Shriram Pistons Gets Credit Rating Watch with Positive Outlook

India Ratings has placed Shriram Pistons & Rings' long-term issuer rating on Rating Watch with Positive Implications for ₹4,889.20 million in bank facilities. The company received an IND AA-/Rating Watch with Positive Implications for its long-term issuer rating and bank loan facilities. A new commercial paper programme worth ₹10,000 million was assigned an IND A1+ rating. The rating covers various fund-based and non-fund based working capital facilities from multiple banks.

13Dec 25

Shriram Pistons Acquires Antolin India for ₹16,700 cr

Shriram Pistons & Rings Limited has agreed to acquire 100% shareholding in Grupo Antolin's Indian operations for €159 million (₹16,700 crores). The acquisition includes three entities: Antolin Lighting India, Grupo Antolin India, and Grupo Antolin Chakankar, operating five manufacturing facilities. The acquired companies, with annual revenues of ₹1,179.10 crores and EBITDA margins of 9-10%, are leading suppliers of automotive interior solutions in India. This strategic move will diversify Shriram's portfolio into powertrain-agnostic products, expected to constitute 35% of consolidated revenue post-acquisition. The deal includes a technology licensing agreement with Antolin and will be financed primarily through existing cash reserves.

05Dec 25

Shriram Pistons Releases Conference Call Recording on Grupo Antolin Acquisition

SPRL has made public the conference call recording discussing its major acquisition of Grupo Antolin's Indian operations for €159 million, demonstrating regulatory compliance while expanding into automotive interior solutions including headliners, door panels, and lighting systems.

13Nov 25

Shriram Pistons & Rings Reports 15% Revenue Growth Amid Auto Industry Challenges

Shriram Pistons & Rings Limited (SPRL) reported a 15% year-on-year growth in consolidated total income for Q2, outperforming the overall automotive industry. The company maintained a consolidated EBITDA margin of 22.4% and a PAT margin of 13.6%. SPRL's new EV motor and controller plant in Coimbatore is set to start commercial production soon. The company has completed Phase 2 expansion at SEL Pithampur and is proceeding with Phase 3 due to high demand. SPRL continues to diversify its product range for alternative fuel solutions and maintains a presence in over 45 countries.

04Nov 25

Shriram Pistons & Rings Reports Strong Q2 FY26 Performance with 15% Revenue Growth

Shriram Pistons & Rings Limited (SPRL) announced Q2 FY26 results with consolidated revenue of Rs. 10,427.00 million, up 15% year-on-year. EBITDA increased by 12.10% to Rs. 2,335.00 million, while Profit After Tax grew 12.90% to Rs. 1,421.00 million. The company's EV and high-precision injection moulded components businesses performed well. SPRL invested Rs. 500.00 million in its subsidiary SPR Engenious Limited. Despite challenging market conditions, the company remains focused on innovation, diversification, and operational efficiency.

11Sept 25

Shriram Pistons & Rings Subsidiary Boosts Stake in SPR EMF Innovations to 72.58%

Shriram Pistons & Rings Limited's wholly owned subsidiary, SPR Engenious Limited, has increased its equity stake in SPR EMF Innovations Private Limited from 66.42% to 72.58%. This was achieved through a further issue and allotment of equity shares, resulting in SPR Engenious now owning 1,55,71,507 equity shares in SPR EMF Innovations. This move is part of a series of strategic acquisitions, with previous stake increases occurring in December 2022 and March 2024. The company has informed the National Stock Exchange of India Limited and BSE Limited about this development.

06Sept 25

Shriram Pistons & Rings Reports Strong Financial Performance, Announces Dividend and Board Changes

Shriram Pistons & Rings Limited reported robust financial results for FY2025. Consolidated revenue increased to Rs 3,54,983.00 lacs from Rs 3,08,933.00 lacs, while net profit rose to Rs 51,556.00 lacs from Rs 43,866.00 lacs. The company declared a final dividend of Rs 10.00 per share. Board changes include Shinichi Unno's resignation as independent director and Akihiro Ozaki's appointment to the same role. New secretarial and cost auditors were also appointed. The 61st Annual General Meeting is scheduled for August 1, 2025.

07Aug 25

Shriram Pistons & Rings Reports Robust Q1 Results with 14.9% Revenue Growth

Shriram Pistons & Rings Limited reported robust Q1 financial results. Consolidated total income grew 14.9% year-on-year to Rs. 9,917.00 million, while EBITDA increased 16.5% to Rs. 2,234.00 million. PAT rose 15.1% to Rs. 1,348.00 million. The company outperformed the automotive industry's 1% growth, attributing success to diversification into marine engines, defense applications, and EV motors. Export business remains strong, accounting for 18-20% of total sales across 45 countries. The company continues to focus on innovation, sustainability, and exploring strategic partnerships for future growth.

01Aug 25

Shriram Pistons & Rings Reports Robust Q1 FY2026 Results Amid Automotive Sector Growth

Shriram Pistons & Rings Limited announced robust Q1 FY2026 results. Standalone revenue increased by 12.30% to Rs. 8,548.00 million, with net profit rising 21.07% to Rs. 1,385.00 million. Consolidated revenue grew 18.07% to Rs. 9,884.00 million, while net profit surged 29.27% to Rs. 1,515.00 million. The company acquired Kama Intertech Private Limited for Rs. 50.00 million, making it a wholly-owned subsidiary. Results were reviewed by Walker Chandiok & Co LLP and approved by the Board of Directors.

07May 25

Shriram Pistons & Rings Reports Robust Q4 Performance with 26% Profit Surge and Dividend Announcement

Shriram Pistons & Rings has reported strong Q4 results with a 26% year-over-year increase in consolidated net profit to ₹1.50 billion. Revenue climbed 15.7% to ₹9.90 billion, while EBITDA rose to ₹2.10 billion with an improved margin of 21.28%. The company has recommended a dividend of ₹10 per share.

02Apr 25

Shriram Pistons & Rings Completes Strategic Acquisition of Karna Intertech

Shriram Pistons & Rings Limited (SPRL) has completed the acquisition of Karna Intertech Private Limited for INR 50 crore, making it a wholly-owned subsidiary. Karna, a manufacturer of gravity die casting moulds, has been a key supplier to SPRL. The acquisition, effective April 1, 2025, is expected to strengthen SPRL's position in high-precision automotive components manufacturing. Karna's revenue has shown steady growth, reaching INR 49.98 crore in FY 2023-24. This strategic move aims to leverage synergies, optimize supply chain, protect intellectual property, and maintain quality control in SPRL's operations.

01Apr 25

Shriram Pistons & Rings Completes Strategic Acquisition of Karna Intertech

Shriram Pistons & Rings Limited (SPRL) has completed the acquisition of Karna Intertech Private Limited for INR 50 crore, making it a wholly-owned subsidiary. Karna, a key supplier of gravity die casting moulds to SPRL, brings valuable assets including a sophisticated tool room and modern CNC machine tools. The acquisition aims to integrate a crucial supplier, protect intellectual property, maintain quality standards, and support SPRL's long-term growth strategy. Karna's revenue has shown steady growth over the past three years, reaching INR 49.98 crore in FY 2023-24.

07Mar 25

Shriram Pistons & Rings to Acquire Karna Intertech for ₹50 Crore, Boosting Die Casting Capabilities

Shriram Pistons & Rings Limited (SPRL) is set to acquire a 100% stake in Karna Intertech Private Limited for ₹50 crore. The acquisition, expected to complete by April 15, 2025, aims to strengthen SPRL's position in the automotive components industry and enhance its die casting capabilities. Karna, a key supplier of gravity die casting moulds, will help SPRL integrate its supply chain, protect intellectual property, ensure quality, and support long-term growth. The move is anticipated to positively impact SPRL's operations through vertical integration, technology enhancement, and capacity expansion.